Investment Q&A

• Chartwell Retirement Residences (CSH.UN)
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Q: I would appreciate your opinion on which sector CSH.un is in.
The Globe and Mail has it listed in the healthcare sector. That makes some sense given the demographic of its clientele. However, other sources list it in the REIT sector. It makes some sense that it would be sensitive to the housing sector (i.e. if house prices fall, fewer seniors will be able to sell their houses to move into retirement homes.)
With respect to my attempt to be diversified across the 11 sectors, which sector would you place CSH.un in?
Thanks so much!

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Read Answer Asked by Jonathan on June 15, 2016

• Chartwell Retirement Residences (CSH.UN)
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• Sienna Senior Living Inc. (SIA)
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Q: I have notice there is 2 to 3 times volume last week. Is there any news or is it because of interest rate. Will there be any impact if interest rate goes up. Do you think it is time to sell and move to SIA. I am holding both - Csh.un - 5% and Sia - 1%

Thanks a lot

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Read Answer Asked by Hector on June 02, 2016

• Chartwell Retirement Residences (CSH.UN)
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Q: Hello to all of you at 5i,
It would seem that the US Fed will very likely raise its overnight rate this summer and there is a strong consensus among pundits that REITs experience quick declines when interest rates rise. How do you feel about Chartwell's vulnerability to that scenario? Is it as interest-rate sensitive as the other, more common types of REITs?
Robert

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Read Answer Asked by Robert on June 01, 2016

• Chartwell Retirement Residences (CSH.UN)
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• First National Financial Corporation (FN)
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Q: I am a Senior with a large percentage of my portfolio invested in equities, a good portion in blue chip dividend paying stocks. I would like more diversification but am not interested in bonds. Do you have any ideas? What about mortgages and how would one pursue this if you think it is a good alternative? Thank You.

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Read Answer Asked by Brian on May 16, 2016

• Chartwell Retirement Residences (CSH.UN)
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• Extendicare Inc. (EXE)
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• Sienna Senior Living Inc. (SIA)
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Q: Am looking at taking 2% position in either EXE,CSH.UN,or SIA for long term hold in my RSP.
Your thoughts on these 3 would be appreciate re: balance sheet, dividend security, growth prospects, operating issues and take over possibilities.
Thanks
Derek

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Read Answer Asked by Derek on April 20, 2016

• Chartwell Retirement Residences (CSH.UN)
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Q: hello 5i:
in a comment on CSH.UN today, you felt that it was a good buy for income and some growth. I wish to establish a position, BUT, I see at the present time, Chartwell trades at a P/CF of 29.5, vs a 5-year average of 16.8. This appears to be very overvalued. Can you comment please?

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Read Answer Asked by Paul on April 14, 2016

• Chartwell Retirement Residences (CSH.UN)
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Q: HI,
Could you please comment on the news release April 8th- Chartwell Retirement Residences Announces Redemption of 5.7% Convertible Unsecured Subordinated Debentures. How do you feel this will impact the share price in the short term. How low could it get? I have been looking to add to my position. What price would be a good entry given the deb conversion is priced at $11.00 I suspect a high conversion rate and a certain amount of selling pressure (potentially strong) as debt investors are not equity investors. It looks like it has already started selling off in advance.

Thank you

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Read Answer Asked by Douglas on April 13, 2016

• Chartwell Retirement Residences (CSH.UN)
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Q: Peter and Team,

I've owned KBL K-bro Linen for three years or so and have seen a nice increase in value and a healthy dividend. Its seems to have plateaued and stayed steady lately (which is fine!) but I am wondering if I could get better return by switching my 4.6% weighting in KBL to CSH instead. Thoughts?

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Read Answer Asked by Marc on February 18, 2016

• Chartwell Retirement Residences (CSH.UN)
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Q: I hold Chartwell REIT and Chemtrade Logistics, 3% and 2.7% respectively. Am looking to add to either (or both?) in this market downturn, for income. What is a good weighting for these companies, and which is the most likely to withstand another barrage of sell-offs? (That is, which sector, which company, is likelier to do well in such an environment.) Thanks!

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Read Answer Asked by Sylvia on January 14, 2016

• Chartwell Retirement Residences (CSH.UN)
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Q: Hi Peter & Team,

I would like to increase my REIT from 4.5% to 6% in my RRIF portfolio(Equally divided between ZRE and XRE) and notice that both do not have CSH.UN and FCR
Questions
a) Is it good time increase position in REIT?
b) GAZIT owns 42.8% of FCR, how do you view this?
c) Which one will you choose?
Thanks

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Read Answer Asked by Karl on November 11, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: I have a question about Chartwell Retirement Residences. I have owned CSH.UN for about 2 years and am ahead with capital gains. The company is carrying a fairly high level of debt compared to other REITS. Would this be a good time to sell Chartwell? I also have MRT.UN and HR.UN.

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Read Answer Asked by Bruce on October 21, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: hello 5i:
could you please compare CSH.UN, with O (Realty Income). I'd like to add something in this space, to about 5% of the portfolio, but Chartwell's debt seems fairly high to me. You've said in previous questions that you also like SIA. Would they have better overall fundamentals than CSH.UN?

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Read Answer Asked by Paul on September 29, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: Any changes in company fundamentals over the six months/year? or changes since your last report on them? Any others you can recommend in this sector that you like?

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Read Answer Asked by Brad on September 17, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: Would you consider putting Chartwell, Alaris or Morneau into the Income Portfolio in place of McCoy? Perhaps all or is that overdiversifying?
Thanks,
Heather

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Read Answer Asked by Gregory on September 11, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: Is CSH classified as a REIT for tax purposes? I don't have much room in my registered accounts so are any of CSH, HR, MST, REF or REI better to hold in registered versus a non-registered account due to the nature of their distributions?

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Read Answer Asked by TK on September 11, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: Given the premium paid for Amica, 1.87x navpershare does this indicate that perhaps chartwell is undervalued. Chartwell trades at just slightly above napvpu(12.50).

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Read Answer Asked by Murray on September 02, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: Chartwell is up over 10% this morning on high volumes. Do you have any insight into why it would jump this much on a down day in the market?
Thanks

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Read Answer Asked by Gordon on September 02, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: Good Morning,
Would you continue to give CSH.UN a B grading, given the recent changes in thia company related to the health care sector? Do you view the divident save; and consider it a growth stock, as well? Thank you

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Read Answer Asked by Frank on August 07, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: I apologize if you have already answered this, but I can't find it. Given that the TSX will be moving Chartwell to the Healthcare sector, do you think that is an accurate allocation when trying to build a diversified portfolio? I'm inclined to leave it in Financials as a REIT. Would you agree, or should it comprise part of my Healthcare component?

Thank you.

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Read Answer Asked by Alan on June 12, 2015

• Chartwell Retirement Residences (CSH.UN)
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Q: FYI for Members:
Christine Poole (Globe Invest)just brought up on BNN the fact that in mid June Chartwell will be moved from the TSX Reit Sector to the Healthcare Sector and she considers some of the pressure on the stock price is due to index selling in preparation for this event.

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Read Answer Asked by Scot on June 09, 2015